Hitachi Transport System, Ltd. - Strategic alliance with SG Holdings Co., Ltd.
Leading Japanese law firm Nishimura & Asahi has advised Hitachi Transport System, Ltd. (“Hitachi Transport System”) on its share acquisition, capital and business alliance with SG Holdings Co. (“SG Holdings”) and Sagawa Express Co., Ltd. (“Sagawa Express”).
Founded in 1950 as a logistics subsidiary handling transport operations for Hitachi, Hitachi Transport System provides comprehensive logistics services to companies in Japan and abroad. SG Holdings Group, a corporate group anchored by Sagawa Express, engages in delivery, logistics, real estate and other businesses.
Under the deal, Hitachi Transport System bought 20 percent of Sagawa Express for ¥66.3 billion from its parent SG Holdings, while SG Holdings bought 29 percent of Hitachi Transport System for ¥87.6 billion. Through their strategic alliance, the companies aim to integrate their strengths and contribute to the improved competitiveness of Japanese companies globally.
The Nishimura & Asahi team advising Hitachi Transport System was led by partners Yuji Shiga, Jiro Abe, and Takeshi Nemoto.
People
Takeshi has handled many complex M&A transactions and provides sincere advice to his clients. He has extensive experience in M&A-related disputes, and is well versed in the various issues facing companies with founding family shareholders. In recent years, he has been involved in many cases involving business and human rights, impact investing, and advises companies from the perspective of sustainability. He is also actively involved in pro bono work and is one of the most experienced in Japan.
Yuji’s practice includes a wide range of M&A, investment, and joint venture transaction, etc. involving a Japanese company and a foreign company / investment fund; in that transaction, he represented both parties through successful completion of the transaction. With his seasoned experience of acquisition matters by foreign investment funds, he advises numerous Japanese listed and unlisted companies on activism matters. He has received accolades from his clients that (i) he is very pragmatic and proactive (ii) he always gives a good, commercial view of the bigger picture around a situation with deep understanding of his client and (iii) he has an ability to ‘put himself in his clients’ shoes. He is also active in the Firm’s Asia practice such as India, China, Taiwan, Singapore, Indonesia and Vietnam.